Global Retirement Partners LLC Sells 3,491 Shares of SPDR S&P Dividend ETF $SDY

Global Retirement Partners LLC decreased its holdings in shares of SPDR S&P Dividend ETF (NYSEARCA:SDY) by 18.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 15,154 shares of the company’s stock after selling 3,491 shares during the period. Global Retirement Partners LLC’s holdings in SPDR S&P Dividend ETF were worth $2,109,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Elk River Wealth Management LLC raised its position in shares of SPDR S&P Dividend ETF by 0.8% during the 4th quarter. Elk River Wealth Management LLC now owns 421,724 shares of the company’s stock valued at $58,503,000 after acquiring an additional 3,307 shares during the last quarter. IFP Advisors Inc raised its position in shares of SPDR S&P Dividend ETF by 42.5% during the 4th quarter. IFP Advisors Inc now owns 6,271 shares of the company’s stock valued at $873,000 after acquiring an additional 1,871 shares during the last quarter. McKinley Carter Wealth Services Inc. bought a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $310,000. Wolff Financial Management LLC raised its position in shares of SPDR S&P Dividend ETF by 2.8% during the 4th quarter. Wolff Financial Management LLC now owns 254,175 shares of the company’s stock valued at $35,371,000 after acquiring an additional 6,936 shares during the last quarter. Finally, L.K. Benson & Company P.C. bought a new stake in shares of SPDR S&P Dividend ETF during the 4th quarter valued at $274,000. Institutional investors own 43.42% of the company’s stock.

SPDR S&P Dividend ETF Stock Performance

Shares of SPDR S&P Dividend ETF stock opened at $149.96 on Friday. The firm has a fifty day moving average of $147.35 and a two-hundred day moving average of $145.69. The stock has a market capitalization of $21.95 billion, a price-to-earnings ratio of 19.85 and a beta of 0.71. SPDR S&P Dividend ETF has a 52 week low of $131.96 and a 52 week high of $156.39.

SPDR S&P Dividend ETF Profile

The SPDR S&P Dividend ETF seeks to closely match the returns and characteristics of the S&P High Yield Dividend Aristocrats Index (the Index). The Index is designed to measure the performance of the 60 highest dividend yielding S&P Composite 1500 Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 consecutive years. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index.